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In force

The Depositories Act, 1996

48 sections · As amended up to 2026-08

Sections

  1. V — 2 [MISCELLANEOUS]
  2. 1Ins. by Act 27 of 2014, s. 56 (w.e.f. 18-7-2013)
  3. I — PRELIMINARY
  4. 2Definitions
  5. II — CERTIFICATE OF COMMENCEMENT OF BUSINESS
  6. 3Certificate of commencement of business by depositories
  7. III — RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS AND BENEFICIAL OWNERS
  8. 4Agreement between depository and participant
  9. 5Services of depository
  10. 6Surrender of certificate of security
  11. 7Registration of transfer of securities with depository
  12. 8Options to receive security certificate or hold securities with depository
  13. 9Securities in depositories to be in fungible form
  14. 10Rights of depositories and beneficial owner
  15. 11Register of beneficial owner
  16. 12Pledge or hypothecation of securities held in a depository
  17. 13Furnishing of information and records by depository and issuer
  18. 14Option to opt out in respect of any security
  19. 15Act 18 of 1891 to apply to depositories
  20. 16Depositories to indemnify loss in certain cases
  21. 17Rights and obligations of depositories, etc
  22. IV — ENQUIRY AND INSPECTION
  23. 18Power of Board to call for information and enquiry
  24. 19Power of Board to give directions in certain cases
  25. 19APenalty for failure to furnish information, return, etc
  26. 19BPenalty for failure to enter into an agreement
  27. 19CPenalty for failure to redress investors' grievances
  28. 19DPenalty for delay in dematerialisation or issue of certificate of securities
  29. 19EPenalty for failure to reconcile records
  30. 19FPenalty for failure to comply with directions issued by Board under section 19 of the Act
  31. 19FAPenalty for failure to conduct business in a fair manner
  32. 19GPenalty for contravention where no separate penalty has been provided
  33. 19HPower to adjudicate
  34. 19JCrediting sums realised by way of penalties to Consolidated Fund of India
  35. V — 2 [MISCELLANEOUS]
  36. 20Offences
  37. 22AComposition of certain offences
  38. 22BPower to grant immunity
  39. 22DOffences triable by Special Courts
  40. 22EAppeal and revision
  41. 22FApplication of Code to proceedings before Special Court
  42. 22GTransitional provisions
  43. 23Appeals
  44. 23BProcedure and powers of Securities Appellate Tribunal
  45. 23CRight to legal representation
  46. 23DLimitation
  47. 23ECivil court not to have jurisdiction
  48. 24Power of Central Government to make rules
  49. 25Power of Board to make regulations
  50. 26Power of depositories to make bye-laws
  51. 27Rules and regulations to be laid before Parliament
  52. 28Application of other laws not barred
  53. 29Removal of difficulties
  54. 31Repeal and saving